AAPL by Joab

Quote from scriabinop23:

Here's whats going to happen this week. You're right, we're going to 100.... Then... 3 days before options expiration you'll see a WSJ article talking about skimpy 1q ipod sales driving down estimates and more worries about Steve Jobs being targeted by the FTC in the options scandal.

Stock will end at 94.99.

:)
More...

No one cares about options issues anymore - there are so many companies guilty of it.

People seem to forget these companies didn't do anything illegal - backdataing was a common practice and not against any regulations just a few years ago. The SEC is trying to retroactively-enforce new regulations.
 
I closed out the short position on this trade for a nice profit. :)

I'm now holding the long position as a free lottery ticket "should" appl bounce in the next 9 days.

Though I doubt it. :cool:

Not a home run but a decent trade.

My decision to close the short end was based on the fact that we are approaching key support and the initial double top was not really confirmed so it was just a volatility contraction play.

I will keep you posted on the long end.
 
There was and is no double top. The support line clearly hasn't been broken and i see no reason for it to break. AAPL will slowly rebound to 95 and eventually 98 and more shorts will be forced to cover. the so called double top will be moot and I will be closer to securing a nice 100% gain...
 
"AAPL will slowly rebound to 95 and eventually 98 and more shorts will be forced to cover. "

in what timeframe is this prediction?
 
Quote from scriabinop23:

vert spreads are still short theta, even though not as much as naked positions. this downside of course can be offset by using additional leverage (since max loss per spread is defined).
More...

Long theta.
 
I bought 1500 shares today. It was a good pull back. With the iPhone debuting, it will easily hit 98.00 within the next 2 weeks. Unless earning season kills everything... Hate earning season..
 
You must log in or register to reply here.
Back
Top